SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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PDP MOURNS ANENIH,SAYS HIS DEATH IS A MONUMENTAL LOSS.#PRESS RELEASE.

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      October 28, 2018
Press Statement
The Peoples Democratic Party (PDP) is shocked by the news of the demise of one of our founding fathers, former Board of Trustees (BoT) Chairman and former Minister of Works and Housing, Chief Tony Anenih, the Iyasele of Esanland.
Chief Anenih was a great Nigerian, a light bearer, brilliant administrator, fine officer, quintessential nationalist and democratic icon, who made innumerable sacrifices for the unity, stability and development of our dear nation.
Indeed, Chief Anenih, who was known in the political circle as “Mr. Fix it”, owing to his ability to find solutions to very knotty political and governance issues, remains a colossus with unparalleled array of legacies which will be celebrated for generations.
His roles in ensuring the stability, not only of our great party but also for our nation at large, stood him out as a patriot who dedicated his life for the service of humanity.
The PDP is particularly pained that Chief Anenih left the stage at the time the party and the nation needed his wealth of experience the more, especially in our collective quest to restore good governance and democratic ideals in our country.
The PDP therefore condoles with the Anenih family, the government and people of Edo state and pray that God will grant the nation the fortitude to bear this monumental loss.
Signed:
Kola Ologbondiyan     
National Publicity Secretary
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